Thursday, January 21, 2016 11:19:14 AM
That formula produced a price of 24.12 at that moment. Then there is the bone of the payout however small it will be. Additionally the all cash offer of 26.06 which could be prorated somehow. Seems likely now.
Despite the drop in sympathy with general massacre of the market NTI would have been in the teens without the offer imo. I also don't believe there will be a change BECAUSE they made note of a pro rated adjustment. idk if that statement allows them to justify a lower bid price but won't be surprised if more lawyer speak comes from the cabal of the two boards. They showed us their true private inclusive club nature.
In the post bottom of crude world which most everyone now thinks will take place some time in late 16 or early next year, both WNR and the company once known as NTI will do well with the cash flow combined. While I don't like the deal and WNR taking our little cash cow, I think the money I have remaining in NTI is going to grow into the conclusion of the deal. The post deal value will be better for those able to stand the smell of it and not be too emotional about the loss. That is my new take here.
"You’ve got to be very careful if you don’t know where you are going because you might not get there."
"The future ain’t what it used to be" "A nickel ain’t worth a dime anymore."
-so long Yogi, we will miss you-
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